WHAT IS FOREX

 

FOREX or Foreign Exchange is a global, international market built on the networked information technology, banks and financial institutions around the world. It is the largest financial market in the world with a daily turnover of $6 trillion.

What makes this market so fascinating is the fact that it is available 24 hours a day, 5 days a week. The forex trading is not similar to the traditional centralized stock exchange; it is decentralized and not physically located anywhere. It is an Over-the-counter (OTC) trading, meaning that trading is computer network based.

 

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